SBI to trade in stocks having good volume: Pratip Chaudhuri

Posted By: Religare
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State Bank of India will only invest in high quality stocks that have good trading volumes and less volatility, said Pratip Chaudhuri, SBI Chairman.

Addressing a news conference, Chairman of SBI said, "We have decided to do trading in high quality stocks only, preferably the Nifty stocks which have good volumes and less volatility."

Chaudhuri said during 2012-13 the bank earned a profit of Rs 600 crore from the trading account and the entire equity portfolio has been overhauled.

To improve the quality of assets, SBI will not encourage below investment grade accounts, he added.

"Even if we take below investment grade accounts, then those will be backed by enough collateral security," he said.

Read more about: state bank of india
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